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Oct 5, 2012
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it's an environment, nuclear weapons. those are issues that can only be -- [inaudible] in which cooperation between china and united states, that we found consensus? no. but i have participated in many conversations that indicate that it is possible to have such a dialogue, and that also that the alternative, it's really going to be in my view very similar. >> let's go to the middle with a man in a hat. wait for the mic upon. >> i am with national advisory council south asian affairs. i'm reading dr. kissinger's book on china, and on the paging out of chairman, i since one of the reasons might have been is very close relations with you, and his 100% agreement on proceeding with everything that you wanted to accomplish on behalf of the total policy that china and u.s. were following at that time. in other words, to get the soviet union's -- [inaudible] towards china. >> dr. kissinger, the question again is -- [inaudible] >> in conversations that occurred after 1973 of having, to be agreeable to the united states. .. simply
it's an environment, nuclear weapons. those are issues that can only be -- [inaudible] in which cooperation between china and united states, that we found consensus? no. but i have participated in many conversations that indicate that it is possible to have such a dialogue, and that also that the alternative, it's really going to be in my view very similar. >> let's go to the middle with a man in a hat. wait for the mic upon. >> i am with national advisory council south asian...
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>> it is true this extended low-interest rate environment is not favorable to bank earnings. liz: ben bernanke ordeal with it? >> i can also understand his position that stimulus hit the economy. it is good for bar worse to have low interest rates and now we have lower rates from short to long it is easier to borrow or give people reasons to borrow so last time we checked we made money when people borrow loans. it is good for us but it does shrink the spread on our loans. that is why you have to be cost-effective, acquiring good clients and looking at how to generate more business. liz: they expects fourth quarter loan growth? >> as we have talked about it we continue to see among our commercial clients that they continue to borrow and acquiring competitors and investing in business and doing things commensurate with an industry that returned to profitability. they are not hiring which is part of why we talk with ben bernanke about q e 3 and the things we are doing to stimulate the economy but we see our clients continuing to borrow and continuing to acquire new clients. liz:
>> it is true this extended low-interest rate environment is not favorable to bank earnings. liz: ben bernanke ordeal with it? >> i can also understand his position that stimulus hit the economy. it is good for bar worse to have low interest rates and now we have lower rates from short to long it is easier to borrow or give people reasons to borrow so last time we checked we made money when people borrow loans. it is good for us but it does shrink the spread on our loans. that is...
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Oct 4, 2012
10/12
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japanese scientists had to invent hybrid rice seeds-- seedlings-- that would grow in this environment in order for tohoku to become "the rice bowl of japan." so we really see a huge intervention by people-- science and technology-- in order to... for this particular region to become the rice bowl that it is now. narrator: by mid-may, the long winter has finally ended and it is time to plant. kobayashi fukuzo is a farmer of recognized skill. at 71, he knows how unforgiving the weather can be. he worries constantly about what he should do mechanized agriculture allows to anto continue to farm.rice. the fields are irrigated. irrigation is crucial. the rice seedlings depend on water, rather than soil, for much-needed nutrients. rice farmers in northeastern japan have a traditional enemy. called yamase, this cold wind can blow through the region anytime from june to mid-august. while it can be absent for years, in 1993, yamase caused extensive crop damage in tohoku. when the cold winds blow, temperatures drop, fog develops, and the plants don't get enough sunlight. stunted alks are a bad o
japanese scientists had to invent hybrid rice seeds-- seedlings-- that would grow in this environment in order for tohoku to become "the rice bowl of japan." so we really see a huge intervention by people-- science and technology-- in order to... for this particular region to become the rice bowl that it is now. narrator: by mid-may, the long winter has finally ended and it is time to plant. kobayashi fukuzo is a farmer of recognized skill. at 71, he knows how unforgiving the weather...
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Oct 5, 2012
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where they only spent one year in a deflationary environment, the s&p just now a mere 7% off its all-time high. and i think these contrasting fortunes of the monetary policy's success will put a great deal of political pressure on the boj and i do think that pressure for some extreme or unconventional monetary measures next year will definitely be there. >> so what impacts? >> well, i think the most immediate impact that traders would like to see is a higher dollar-yen. i think they would certainly -- the thourts in japan would certainly like to see a higher dollar-yen dollar yen has been on a down trend for the last five years and there are many traders and fund managers that have tried to pick the bottom and go long dollars and really come on stock, particularly in the early part of this year. so i think in the very near term, dollar-yen is still going to trend lower. however, we just need to see, you know, that change in policy and more urgency from the boj which could happen in the months ahead. >> for dollar-yen to strengthen, do you need treasury yields to back up? >> you need two t
where they only spent one year in a deflationary environment, the s&p just now a mere 7% off its all-time high. and i think these contrasting fortunes of the monetary policy's success will put a great deal of political pressure on the boj and i do think that pressure for some extreme or unconventional monetary measures next year will definitely be there. >> so what impacts? >> well, i think the most immediate impact that traders would like to see is a higher dollar-yen. i think...
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Oct 10, 2012
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and as well as mobile environments. that will be critical. david: best of luck to you, bill. from blew core a. good to see you. >> thank you. >> banks getting hit by jihadist cyber attacks. they're keeping some customers from accessing accounts. who knows what other damage is being done. the banks no more attacks are coming but can they fight it? we're all over the story, david. david: is my money safe? sandra: is your money safe. sandra: let's get back to a developing story that fox business has been covering since day one and it could be affecting you, hackers targeting big banks. david: the most recent bank attack? suntrust. so who could be next? adam shapiro has been all over the story with the very latest. adam. >> suntrust is the bank that was attacked today. we interviewed michael chertoff the former secretary of homeland security on fox today. about why the denial of service attacks are a serious threat. here is what he said. >> the serious side would be if they took the customer facing side off-line a day or tw
and as well as mobile environments. that will be critical. david: best of luck to you, bill. from blew core a. good to see you. >> thank you. >> banks getting hit by jihadist cyber attacks. they're keeping some customers from accessing accounts. who knows what other damage is being done. the banks no more attacks are coming but can they fight it? we're all over the story, david. david: is my money safe? sandra: is your money safe. sandra: let's get back to a developing story that...
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Oct 4, 2012
10/12
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it is an environment for issues that can be solved by cooperation between china and the united states. complete consensus. i have anticipated and others have participated in many conversations that indicate that it is possible to have such a dialogue and also that the alternative is going to lead to results in my view but the drama of world war i. >> the man in the hat. the microphone to the middle. >> i am with the national advisory council foundation and reading dr. kissinger's book on china. on the paging out -- i sense that one of the reasons might have been very close relations with you and 100% agreement on proceeding with everything that you wanted to accomplish on behalf of the total policy that china and the u.s. pulling at that time. in other words taking care of the soviet union's belligerency towards china. >> the question is -- >> a factor in these political -- >> he was accused of the special in conversations that occurred after 1973 too agreeable to the united states. based on a complete misunderstanding of what this question was as i understand it from various sources.
it is an environment for issues that can be solved by cooperation between china and the united states. complete consensus. i have anticipated and others have participated in many conversations that indicate that it is possible to have such a dialogue and also that the alternative is going to lead to results in my view but the drama of world war i. >> the man in the hat. the microphone to the middle. >> i am with the national advisory council foundation and reading dr. kissinger's...
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Oct 8, 2012
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they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of laying confidence? >> a lot of concerns relate to things outside the uk, in particular the weakness of the euro area, uncertainty. so there
they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting...
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Oct 2, 2012
10/12
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. >> jennifer: who wants to be in this high-risk, high-profile tense environment? nobody loves that. >> no but i think certain people rise to the level of the performance. bill clinton you always got the feeling that he was very happy to be there. >> jennifer: it makes me smile thinking about it. you also say that governor rom any has a few of these flaws as well. he could be overly cautious he lacks spontaneity. he appears awkward and whiny. and he might be boring. if you were comparing the flaws of either one of those, which would you rather be? >> i think i would rather be obama. however, i do think they are fairly evenly matched. and in some ways there are similarities. i see both men as being men more about the intellectual side of things and not the emotional side of things. nay are both a little bit aloof. but the clip we looked at where mitt romney loses it about the rules, that was the most impassioned we have seen that. but isn't it interesting he is not getting passionate out of issues, he is getting passionate because he feels like somebody is cheating
. >> jennifer: who wants to be in this high-risk, high-profile tense environment? nobody loves that. >> no but i think certain people rise to the level of the performance. bill clinton you always got the feeling that he was very happy to be there. >> jennifer: it makes me smile thinking about it. you also say that governor rom any has a few of these flaws as well. he could be overly cautious he lacks spontaneity. he appears awkward and whiny. and he might be boring. if you...
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Oct 7, 2012
10/12
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you could look at the international trading environment and worry about that. this is the answer to your question. a world and which the united states is strong but all of the institutions is eroding is not a world of 2011. the united states has an interest in trying its best to shore up institutions. >> this is great. >> get set to run it, john. >> a couple of quick points. my thesis is not the institutions are independent. they are instruments of power. they are used to signal limits on power. power is never divorce from institution. a venture that regard, i idea that the united states has been so brilliant for half a century or longer because, it has allowed it to make the power more durable and expensive but also making it more delimited and less based on arbitrary use of power and the most traditional sense. there are a vehemence of republican allow for the state to be more influential by allowing it to signal its own strength. a couple of more point about this. my underlying argument is that we are shifting from one organized around trilateral world, the
you could look at the international trading environment and worry about that. this is the answer to your question. a world and which the united states is strong but all of the institutions is eroding is not a world of 2011. the united states has an interest in trying its best to shore up institutions. >> this is great. >> get set to run it, john. >> a couple of quick points. my thesis is not the institutions are independent. they are instruments of power. they are used to...
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Oct 7, 2012
10/12
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book that should be must read for anyone who cares about human rights or who cares about the political environment and the foreign policy concerns that relate to north korea. as a general rule, u.s. north korea policy follows a very similar and repetitive pattern. the provocations by the regime, missile launches, underground nuclear test or the occasional thinking of south korean boat. they are followed by threats of sanction by the international community. a lot of hand wringing. as with the child, the province of better behavior whereupon the international community comes back and provides more aid to the regime. in many respects continuing to prop up the regime. and of course, the aid that is received almost never reaches the people for whom it is delawares end. it is sei phoned off by the military. sold on the black market for hard current sei. this races several questions. i want to plant a few seeds we can come back to. four particular areas i think are worth discussing and thinking about. one is the effect, if any, of sanctions monetary sanctions on a regime like this? well, we all remember
book that should be must read for anyone who cares about human rights or who cares about the political environment and the foreign policy concerns that relate to north korea. as a general rule, u.s. north korea policy follows a very similar and repetitive pattern. the provocations by the regime, missile launches, underground nuclear test or the occasional thinking of south korean boat. they are followed by threats of sanction by the international community. a lot of hand wringing. as with the...
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Oct 7, 2012
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the austrian accord, big supporters of the environment. think about the amount of paper that was wasted when we drafted the oslo accord. thousands of papers. but today we come and we speak with the palestinian leadership about the oslo accord, well, it is written, so what? for example, [inaudible] a holy site for jews in an in accordance to the oslo accord were supposed to go there whenever we want pray, that we cannot go there. it's not safe for jews, cannot go to date and pray at the tomb of jordan. so it is written in the oslo accords. i don't want to another accord and another ceremony at the white house. i don't believe in it. i want to get to the point where there will be real peace with real partner, and still we'll get to that point we will have to manage the conflict. i want to sum up and tell you that the book is very straight. i didn't hide, and some of my colleagues in the parliament told me, you're making a mistake because if you buy something out in the book and you are young relatively, what will happen in two years? people
the austrian accord, big supporters of the environment. think about the amount of paper that was wasted when we drafted the oslo accord. thousands of papers. but today we come and we speak with the palestinian leadership about the oslo accord, well, it is written, so what? for example, [inaudible] a holy site for jews in an in accordance to the oslo accord were supposed to go there whenever we want pray, that we cannot go there. it's not safe for jews, cannot go to date and pray at the tomb of...
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Oct 10, 2012
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this is trying to reverse that and saying we're in an environment where banks need to lend. it's a very, very small area. it's only on new loans and the funding scheme. it's not across the board. >> if this is happening at the same time that those implementations are starting to happen, does it matter? is that a significant counter to what the individual countries may be trying to achieve? >> i think it's a contradiction between what basel 3 is trying to achieve the next three years and what the rural economies particularly in europe need. >> which is what andy said -- >> it's an interesting conversation. >> we started off on the wrong point because the good times banks boosting, and in the bad times they are able to relax. but we have got to get to the right capital levels to begin with. >> it's a bit like the inflation theme. maybe a little bit of inflation isn't so harmful to us all. suddenly we don't need an inflation target that's too strict. going to have a little bit of inflation. >> just looking at the bank of england's record, i don't think we have a strict inflatio
this is trying to reverse that and saying we're in an environment where banks need to lend. it's a very, very small area. it's only on new loans and the funding scheme. it's not across the board. >> if this is happening at the same time that those implementations are starting to happen, does it matter? is that a significant counter to what the individual countries may be trying to achieve? >> i think it's a contradiction between what basel 3 is trying to achieve the next three years...
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>> in this environment we think you go with what we refer to as our barbell strategy in equities. high growth sectors like technology, financials, home builders on one side, and high yield as tony talked about on the other end, high-yield bonds, emerging market bonds, preferred. that combination, that diversified portfolio has given, you know, a nice diversified approach with steady returns in this year and solid returns, and we think that continues to be the way to go through year end. david: all right. but, david, even you, the bull in this scenario, you see a pause right now. perhaps just a momentary pause, but until we get rid of this fiscal cliff problem, etc., and you do think that we're going to deal with it, you think eventually the politicians are going to solve this problem, why don't we just take our gains right now, hold off, maybe hold these gains just for a month or so until that fiscal cliff and other problems are resolved? >> you could. if someone wants to try to time that pullback. we're down 2% on the s&p, 3% on the fashion damage. maybe that goes a little bit fu
>> in this environment we think you go with what we refer to as our barbell strategy in equities. high growth sectors like technology, financials, home builders on one side, and high yield as tony talked about on the other end, high-yield bonds, emerging market bonds, preferred. that combination, that diversified portfolio has given, you know, a nice diversified approach with steady returns in this year and solid returns, and we think that continues to be the way to go through year end....
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Oct 9, 2012
10/12
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i grew up in a religious environment and i am proud of it. i was into the priest. i'm proud of that. i would probably enormously angry right now. so i am grateful for my faith and on and on apologetic about it. >> this is pretty remarkable we started talking a little bit about how it has changed over time. we could have also added to the 19th amendment and women becoming a part of this part of the democratic inclusion. [laughter] but most of the amendments have made it more perfect. they got rid of it. >> ausley understand. >> it is pretty extraordinary. the constitution frees up every american to be eligible for public office, and there is no religious test and that wasn't the prominent feature of the state constitutions. a lot of them actually had religious tests. >> you have the establishment in religion. so, on a understand that but i simply say that the country moved on. i grew up at a time people were respectful of religion and religious people. on grew up when the church was open all the time and nobody broke and and nobody engaged in sacrilegious conduct. i
i grew up in a religious environment and i am proud of it. i was into the priest. i'm proud of that. i would probably enormously angry right now. so i am grateful for my faith and on and on apologetic about it. >> this is pretty remarkable we started talking a little bit about how it has changed over time. we could have also added to the 19th amendment and women becoming a part of this part of the democratic inclusion. [laughter] but most of the amendments have made it more perfect. they...
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Oct 10, 2012
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i believe the circumstances in america and around world are such that they create an environment where whoever is in authority and in power will have to act or pay the price. >> i am very optimistic, because i think the american people are not going to settle for anything less than success and they are going to help drive this debate. as business leaders, our job is to ensure that the business community is involved and that the employees of our members are involved in the discussions. when they are, the politicians will eventually do the right thing at. >> you think american politicians will do what's needed, weber's and government? >> i think so, we would not do what we do for a living. . . every one of the problems we handle.n be maybe we will get it done this kind. >> you can never go wrong ending on such terms. thank you all for joining me. [applause] >> thank you all for it joining us for conversations with power today. and a big thank-you to our keen observer on washington politics and the economy as a great moderator. thank you so much. and thank you to our panelists. john, tom,
i believe the circumstances in america and around world are such that they create an environment where whoever is in authority and in power will have to act or pay the price. >> i am very optimistic, because i think the american people are not going to settle for anything less than success and they are going to help drive this debate. as business leaders, our job is to ensure that the business community is involved and that the employees of our members are involved in the discussions....
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. david: time for a quick speed read. first up the congressional budget office estimates a federal budget deficit at $1.1 trillion. the fourth straight year of trillion dollar deficits. it was a slight improvement from the 2011 deficit of $1.3 trillion. starbucks will add 1,000 stores in the u.s. over the next five years. the coffee giant's ceo said the expansion will add total of 20,000 jobs that. is good news. >>> california gas prices increased 36 cents in one week. the average price of regular gas across the state is $4.49 a gallon the highest in the nation. >>> dave and buster's halts plans to launch a initial p.m. ofsh. yesterd
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. david: time for a...
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Oct 9, 2012
10/12
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military budget, it is the capabilities to require to enable america freedom of action in a very conteed environment insia and elsewhere. >> woodruff: well, we're going to have to leave it there. we know the two candidates will be debating foreign policy on october 22. thank you both for being with us. >> woodruff: you can watch all of mitt romney's speech at v.m.i. today on our web site. >> brown: still to come on the newshour, a deadly meningitis outbreak; the stem cell breakthrough; rothenburg, page, and kohut on the campaign; and salman rushdie on life under a death sentence. but first, the other news of the day. here's hari sreenivasan. >> sreenivan: the investigation into the killing of the u.s. ambassador to libya took new turns today. cbs and abc news reported american officials in libya had asked for more security personnel, but the state department refused. meanwhile, libyan officials said president obama's top counterterror advisor, john brennan, will be in libya tomorrow to discuss the investigation. a warning from congress today: u.s. companies should stop doing business with china's to
military budget, it is the capabilities to require to enable america freedom of action in a very conteed environment insia and elsewhere. >> woodruff: well, we're going to have to leave it there. we know the two candidates will be debating foreign policy on october 22. thank you both for being with us. >> woodruff: you can watch all of mitt romney's speech at v.m.i. today on our web site. >> brown: still to come on the newshour, a deadly meningitis outbreak; the stem cell...
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Oct 3, 2012
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the environment has also swung back a little bit towards the old hey day. does that mean the approach by private equity firms is also changing back to the more traditional mcdonald snell. >> no, i don't think so. i think the model is permanently changed. you can't buy cheap gear highly and sell deer anymore. they produce better performance, improve profits, expand the geographies that they work in and so on. so i think the model is permanently changed. the odd example of maybe pure engineering. i think fundamentally it's now about being good stewards of the businesses and improving them while you own them. >> appreciate your time. thank you so much for stopping by. >>> the european banking authority will publish its final report on banks' implementation of capital plans at 1,700 cet today. this follows s a 2011 recommendation to restore market confidence. it will be published after the european markets close. joining us now is the head of the european interest rates strategy at barclays. nice to have you onboard with us today. this has been an ongoing theme
the environment has also swung back a little bit towards the old hey day. does that mean the approach by private equity firms is also changing back to the more traditional mcdonald snell. >> no, i don't think so. i think the model is permanently changed. you can't buy cheap gear highly and sell deer anymore. they produce better performance, improve profits, expand the geographies that they work in and so on. so i think the model is permanently changed. the odd example of maybe pure...
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Oct 2, 2012
10/12
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>> i think it will struggle to weaken in an environment where we have u.s. federal reserve embarking on what's likely to be an open-endeded quantitative easing program. i think in an environment like that, we're likely to see carry trades continue to be popular, the u.s. dollar to weaken. and partly that's because they have removed a lot of tail risks around a sharp slowdown in global growth, although we're not seeing that just yet. >> i suppose if it doesn't weaken a huge amount, it does help the rba out in terms of its inflation target, right? >> yes, it does. that is one thing that a higher currency will do will keep your import prices low. however, i think the rba have been somewhat frustrated that the exchange rate, australian dollar hasn't acted in its normal way as a buffer against lower global prices for australia's commodities. >> we've had the resources minister saying the mining boom is over. he said these comments a couple times now. if there is a structural shift going on in china as jim was saying earlier and we are now, you know, moving away t
>> i think it will struggle to weaken in an environment where we have u.s. federal reserve embarking on what's likely to be an open-endeded quantitative easing program. i think in an environment like that, we're likely to see carry trades continue to be popular, the u.s. dollar to weaken. and partly that's because they have removed a lot of tail risks around a sharp slowdown in global growth, although we're not seeing that just yet. >> i suppose if it doesn't weaken a huge amount,...
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Oct 10, 2012
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we think the sector faces the challenge economic environment. so some of the suspects of the implications are not affect in some thing due to our business and the. europe is in a critical point no doubt than we have in europe to put in place a proper mechanism in order to address the issue of sovereign debt and the recent approaches by the european central bank and misdirection that provides this report for the sovereign debt and the euro zone, which is critically looking forward to a proper structure. the european banking union will be a significant step forward, but i think it's going to take time to have this in place because to change the 6000 banks in europe, there are some questions as to the ability of europe to put in place a system that provision is announced before the start of next year. spain ascenders of your adjustment, but there are many positive elements in terms of the structural reforms being made, so i am optimistic that spain is going to be able to handle the problem of the private sector as it is handled the problem of exter
we think the sector faces the challenge economic environment. so some of the suspects of the implications are not affect in some thing due to our business and the. europe is in a critical point no doubt than we have in europe to put in place a proper mechanism in order to address the issue of sovereign debt and the recent approaches by the european central bank and misdirection that provides this report for the sovereign debt and the euro zone, which is critically looking forward to a proper...
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Oct 3, 2012
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this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is coming into the u.s. we have henry m henry mcveigh w. tell me what you're hearing. >> the clients with the long-term focus are the ones we traditionally work with. we see opportunities. we have a very big presence in asia. i was just over in hong kong and india. we're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar
this is going to be a challenging environment. mandy, great point. china's deceleration is very important. it's very real. you're seeing that in commodity complex. i think that revenue line is going to be very, very important. that's probably going to come in soft. >> all right. we'll leave it there. thanks, everybody. appreciate your time tonight. we'll keep watching this market and the fundamentals around it. we look now where the big money is eyeing and whether or not foreign money is...
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Oct 8, 2012
10/12
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you come into this environment, many people came in without a job. there were just volunteers and want to get a job. some people came because they wanted to get noticed by the right people. yes, people who had been hired who want more responsibility than in their other jobs. and department heads trying to get more budget than the other department. so you have this thing going on where it's a very chaotic time. you really need to get control of this, because in this environment where there are no norms, it's like building a village from scratch, where everybody comes to a place with no rules, no structures. it's like the wild west. not everybody -- some people have their own tactics for getting blown way. sometimes even the people lose control of their inner jerks. we all have them. so you throw an elbow at the stranger you don't know maybe and maybe that turns into an ongoing skirmish and then maybe arrival restart to develop and then blame starts to apply, reputations start to fail. your leadership can die in the very first days if you don't manage
you come into this environment, many people came in without a job. there were just volunteers and want to get a job. some people came because they wanted to get noticed by the right people. yes, people who had been hired who want more responsibility than in their other jobs. and department heads trying to get more budget than the other department. so you have this thing going on where it's a very chaotic time. you really need to get control of this, because in this environment where there are...
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Oct 2, 2012
10/12
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it is about who can create an environment that we can see more economic activity with, and more jobs. that is what this is about, and i think it is very clear the two visions and the choice of the voters will have in november. again, i want to thank you and i want to thank the chamber for hosting us tonight. [applause] >> moderator: mr. powell? powell: i didn't have a lot of time at the beginning, but i want to thank everyone for being there. the first time that mr. cantor has debated. thank you for sponsoring us. you have heard a lot of washington speak tonight because he has had 12 years of practice. you haven't heard much about what happened prior to the normal course of low taxes. too much regulation, that is all mr. canter talks about. he didn't talk about underfunding medicare part b. the people he talks about their struggling to get their jobs, the people that i talk about, the people that i talk about in last year and a half, the people that are struggling to make it are the people who lost their jobs because of the speculation, which you are to regulation that he supported ca
it is about who can create an environment that we can see more economic activity with, and more jobs. that is what this is about, and i think it is very clear the two visions and the choice of the voters will have in november. again, i want to thank you and i want to thank the chamber for hosting us tonight. [applause] >> moderator: mr. powell? powell: i didn't have a lot of time at the beginning, but i want to thank everyone for being there. the first time that mr. cantor has debated....
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acted environment the school was founded and named for anton pity atika and then it's scientist who wanted a better way of life for his people but even with the most progressive ideas and education many say they don't want to trade the modern life for their beloved. i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. to music secret laboratory to kirby was able to build a new most sophisticated robot which on fortunately doesn't give a dollar amount anything tunes mission to teach creation why it should care about humans in the world this is why you should care only on the r.-g. dot com. live from moscow this is r.t. now as if british prime minister david cameron didn't have enough to do tackling recession and spending cuts knows how to watch his back to london mayor boris johnson is capturing the public on his party's minds even overshadowing his beleaguered leader at t
acted environment the school was founded and named for anton pity atika and then it's scientist who wanted a better way of life for his people but even with the most progressive ideas and education many say they don't want to trade the modern life for their beloved. i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer...
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Oct 9, 2012
10/12
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i believe circumstances around america and the world create an environment where whoever is in authority and power have to act or pay the price. >> i am optimistic. i do not think the american people will settle for anything less than success, and they are going to drive this debate. as business leaders, our job is to insure the business community is involved in the discussion. if they are, politicians will do the right thing. >> to you think american politicians will do what is needed? >> you will not find pessimist'' up here. we would not do what we do for a living. the problems we face can be solved. americans can be counted on to do the right thing after they have exhausted every other possibility. we would get it done. >> you can never go wrong ending on churchill. thank you for joining me. [applause] >> thank you all for joining us for conversations and power today, and a big thank-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank
i believe circumstances around america and the world create an environment where whoever is in authority and power have to act or pay the price. >> i am optimistic. i do not think the american people will settle for anything less than success, and they are going to drive this debate. as business leaders, our job is to insure the business community is involved in the discussion. if they are, politicians will do the right thing. >> to you think american politicians will do what is...
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Oct 4, 2012
10/12
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WBAL
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in a brand appropriate environment. we think it makes the brand stronger. it's good for us and them. >> one of the things that people get -- don't understand is that the ag complex doesn't all trade up at the same time. some of the food grains did. but cotton has really gotten cheap. you had very high cotton last year. >> yes, we did. >> is this going through gross margins that cotton's come down so much? >> we had real gross margin challenges last year, particularly in our north american denim business. it's a big business for us and denim is a cotton based fabric. we lost 400 basis points in gross margins last year. >> gigantic. >> it is gigantic. but we didn't cover all of our cotton costs while we were doing that. this year, it's coming back to us. it showed up last quarter a little bit. it's going to show up for the back half of the year with improved growth margins. >> one of the things we're going to start hearing is that instead of currency being a headwind, it might be a tailwind. did you calculate 1.28, 1.29 on the euro when you did your low-range
in a brand appropriate environment. we think it makes the brand stronger. it's good for us and them. >> one of the things that people get -- don't understand is that the ag complex doesn't all trade up at the same time. some of the food grains did. but cotton has really gotten cheap. you had very high cotton last year. >> yes, we did. >> is this going through gross margins that cotton's come down so much? >> we had real gross margin challenges last year, particularly in...
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Oct 6, 2012
10/12
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in an environment where you cannot talk about medicare, in an environment where no one will talk about based runners, how did you get from here to there? you said the environment will be different 2013. other than the pressure from the rating agencies, what will get them in sync with each other? >> they will not sing, by god. -- kumbaya. this environment is the worst, but the right time to fix the fiscal cliff. lame duck would be the second worst. for all the reasons i outlined very unlikely we will do anything. it to next year where i think there will be all cited pressures, and there will have to be great leadership from the white house to get this done. it will be hard. i am not saying it will be easy. it will be difficult. there will be lots of days where it is not going to make it. no question about that. we're never very pretty when we are solving big problems. next year is the time to do it. that is the core of my argument. it does need to be done. you will not decide the issues of the tax code and things like that in the lame duck. you have to wait until next year. >> was signa
in an environment where you cannot talk about medicare, in an environment where no one will talk about based runners, how did you get from here to there? you said the environment will be different 2013. other than the pressure from the rating agencies, what will get them in sync with each other? >> they will not sing, by god. -- kumbaya. this environment is the worst, but the right time to fix the fiscal cliff. lame duck would be the second worst. for all the reasons i outlined very...
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Oct 3, 2012
10/12
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you could look at the international trading environment and wonder about that. to me, and this is the answer to the question, and john would agree, the world in which the denied states is still strong but all the institutions are eroding is not a world i want to live in and therefore the united states does have an interest in trying its best to show up these institutions. >> bob is coming my way. this is great. >> a couple quick points. number one, my thesis is not that these institutions are independent. they are in fused with power and instruments of power and they are used to signal limits on power, power is never divorced from institutions. and in that regard, i argue that the u.s. has been so great on the world stage because it's tied the power to the institutions that spoke to make power more durable and expensive, but also making it more limited and less based on the indiscriminate arbitrary use of power in the traditional sense. so there is an argument about how the institutions can allow for the powerful state to be more influential by allowing to signa
you could look at the international trading environment and wonder about that. to me, and this is the answer to the question, and john would agree, the world in which the denied states is still strong but all the institutions are eroding is not a world i want to live in and therefore the united states does have an interest in trying its best to show up these institutions. >> bob is coming my way. this is great. >> a couple quick points. number one, my thesis is not that these...
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awful thing that we're doing and we could be using that money on so much better things education or the environment. but so many people are getting rich i think they just don't i am an active duty sergeant in in my unit that i already described and so for speaking out against the u.s. government and the army. and you know deserving the army i'm probably looking at maybe like a year to two months for a felony charge and i will be turning myself into the m.p.'s soon peacefully but not quietly today sergeant turner did turn himself in to military police and his story represents a growing frustration both with those serving and with the american people who also seem to be more and more unsure of the mission earlier i spoke with tony shaffer from the center for advanced defense studies tony is also the author of a the book operation dark heart he served as a lieutenant colonel in the u.s. army and first shared his thoughts on sergeant turner and the afghan war overall. well that i'm very impressed with the start of knowledge of the real root issues which reveal and frankly. the majority the folks we wan
awful thing that we're doing and we could be using that money on so much better things education or the environment. but so many people are getting rich i think they just don't i am an active duty sergeant in in my unit that i already described and so for speaking out against the u.s. government and the army. and you know deserving the army i'm probably looking at maybe like a year to two months for a felony charge and i will be turning myself into the m.p.'s soon peacefully but not quietly...
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Oct 3, 2012
10/12
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it's been that environment in which these tremendous economic transformations of one nation state after another can take place. we welcome that and we think that is a good thing. we want to keep going with that. that's what it's all about. on both of those questions all i can say is watch. >> one more question, how about in the back with the hand raised. i'm trying to be equal opportunity in this audience. >> tom referred for the malaysia and the world of affairs council. you talk about the need for peaceful resolution of disputes. i wondered if you could elaborate a bit about what stand referred to in the south china and the east china where the assertiveness is causing so much concern. >> we see that and i think we have a very principled position on all of this. first of all, people say we don't take sides in these disputes but it's not true, we actually do. when we take a side for freedom of navigation and peaceful resolution of these disputes. that's where we are going to stay. we don't always have a direct intermediating role. by understand that. but that's what i talk about the am
it's been that environment in which these tremendous economic transformations of one nation state after another can take place. we welcome that and we think that is a good thing. we want to keep going with that. that's what it's all about. on both of those questions all i can say is watch. >> one more question, how about in the back with the hand raised. i'm trying to be equal opportunity in this audience. >> tom referred for the malaysia and the world of affairs council. you talk...
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Oct 10, 2012
10/12
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you have to understand the environment you are intervening in. that is a different kind of engagement than what we are undertaking today. >> thank you. we have started a twitter account. we have a question from that account. "what is the likelihood drones could be preprogrammed to deliver a weapon without having humans directly involved in the attack?" >> i am not aware of any plan by the u.s. air force or any of the other military agencies that are building drones to have them be automated, flying killing robots from "terminator 2." there is a very strong emphasis on preserving the war fighter making the decision. having pilot in the drone. if we got down the road towards automation, i think we would have a major legal problem, but also something we should stay away from. >> it raises an interesting technological question. every lawyer i have talked to about this said the same thing. the days of hiring a hit man, but you have your own personal drone do it for you, is not that far away. it is not science fiction anymore. how you prevent that, i h
you have to understand the environment you are intervening in. that is a different kind of engagement than what we are undertaking today. >> thank you. we have started a twitter account. we have a question from that account. "what is the likelihood drones could be preprogrammed to deliver a weapon without having humans directly involved in the attack?" >> i am not aware of any plan by the u.s. air force or any of the other military agencies that are building drones to have...
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Oct 8, 2012
10/12
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he would have to over collateralize a loan by 150% under the current regulatory environment. i want him to be able to grow his business. it's a classic example of regulation killing jobs. we need to make sure we have the proper amount of legislation but not overregulation. my commercials talk about reducing spending, and powering our work force for training for jobs available and developing a comprehensive energy policy to put our people back to work, energy independence to protect our environment. >> 30 seconds to rebut. >> you have been running some of the most deceitful attack at the state has ever seen. don't try to pretend that has not been what's happening in that race. when your campaign was asked why you don't start talking about the issues, your campaign manager said it would be a senseless exercise. that's right. for linda mcmahon talking at the issues of be a senseless exercise. the only ads she can run are against me and my family. by pathe is different. -- my path is different. that's what in the final four weeks my campaign will be about. >> it's time now with o
he would have to over collateralize a loan by 150% under the current regulatory environment. i want him to be able to grow his business. it's a classic example of regulation killing jobs. we need to make sure we have the proper amount of legislation but not overregulation. my commercials talk about reducing spending, and powering our work force for training for jobs available and developing a comprehensive energy policy to put our people back to work, energy independence to protect our...
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Oct 2, 2012
10/12
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they may not be instant, but i see the problems of climate change, the environment, immigration that everyone is saying, what is that guy smoking? i see some potential for common ground. >> they think it is just as much to do with curry each because what you're talking about is people are afraid across the party line to go on a direction and because the voters are going to be upset and therefore they may not get reelected. what looks to remain objective and you go to office to get reelected, you're vulnerable. you cannot make a move anymore. i mean, we talk about the courage, you talk about senator mccain who was in vietnam and he was going through unbelievable torture. he risked his life going over there. every time coming in now, one of our brave men and women before iraq or afghanistan, they risk their life. they could risk their life for our country. why would the politicians be a little their office for mac in the right decision? [applause] that's where the problem lies because the president in his speeches to other changes to do it. and that, every police officer, every firefig
they may not be instant, but i see the problems of climate change, the environment, immigration that everyone is saying, what is that guy smoking? i see some potential for common ground. >> they think it is just as much to do with curry each because what you're talking about is people are afraid across the party line to go on a direction and because the voters are going to be upset and therefore they may not get reelected. what looks to remain objective and you go to office to get...
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Oct 3, 2012
10/12
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the environment of these two candidates come together after really negative attacks, these two candidates not have much of a personal history. they have met less than five times in history. -- in person. this summer has been, as everyone knows, i am sure, a lot of at going after personal attributes. ronnie's well, his career at bain capital, and on the flip side, the obama campaign has been upset about romney not shushing supporters to question whether barack obama was born in the united states. recently, this debate over the attack in libya. romney came out and suggested that obama was sympathetic with those who attacked the embassy there. so there is all this bitterness. they're coming in with it. both men have been coached to not let that come through. mitt romney specifically, rob portman has been told to push his buttons and teach romney how not to be testy and attack obama tonight. he wants to come off as likable. >> when did you arrive in denver? how heavy spent the day today? what have you seen? >> i arrived monday. the first thing i did was go to a rally here in denver with mitt
the environment of these two candidates come together after really negative attacks, these two candidates not have much of a personal history. they have met less than five times in history. -- in person. this summer has been, as everyone knows, i am sure, a lot of at going after personal attributes. ronnie's well, his career at bain capital, and on the flip side, the obama campaign has been upset about romney not shushing supporters to question whether barack obama was born in the united...
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Oct 3, 2012
10/12
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fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to invest. people need education about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it weren't for him, he would never have gotten out of the great depression to begin with. without bernanke, we have nationalized the banks and be stuck with unemployment over 10%. here's the bottom line.
fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to...
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Oct 4, 2012
10/12
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it's in that environment in which these tremendous economic transformations of one asian state after another can take place. we welcome that. we think that's a good thing. we want to keep going with that. that's what it's all about. so, you know, on both of those questions, stanley, all i can say is, watch. >> okay. one more question. how about in the back there, the rand hazed. -- hand raised. i'm trying to be equal opportunity per section to have audience here. >> thank you. i'm tom with the american-asian society and the affairs council. you talk about the need for peaceful resolution of disputes. i wonder if you could elaborate a bit about what stan roth referred to in the south china and east china seas where china's assertiveness is causing so much concern? >> sure. well, we see that, and i think we have a very principled position on all of this. you know, first of all, people say we don't take sides in these disputes, but that's not true. we actually do take a side. we take a side for freedom of navigation and peaceful resolution of these disputes. that's where we are, that's
it's in that environment in which these tremendous economic transformations of one asian state after another can take place. we welcome that. we think that's a good thing. we want to keep going with that. that's what it's all about. so, you know, on both of those questions, stanley, all i can say is, watch. >> okay. one more question. how about in the back there, the rand hazed. -- hand raised. i'm trying to be equal opportunity per section to have audience here. >> thank you. i'm...
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Oct 9, 2012
10/12
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>> it will certainly be a different environment and some different people. and reality will face is because of the things you have been talking about. we are either going off the cliff are we are not. we are either making a big deal or we are not. we are either getting the debt limit extended or not. we are either keeping our modest but very important economic growth or we are not. and those issues are going to bring people to a fundamental reality that it may be the same structure, which i hope it's not. it may be the same structure, division of authority, but it's not the same time, and you either fix it or live with it. >> so you think that if we had the same makeup we had, politicians would come to washington next january, deciding that doing a deal is less painful than not doing a deal, in order to get things fixed that you talked about, the tax code, regulation, not clear on what would happen with regulation, energy, immigration, issues that all of you think need to get fixed, do you think american can do the? >> we've had a lot of committees of six, 1
>> it will certainly be a different environment and some different people. and reality will face is because of the things you have been talking about. we are either going off the cliff are we are not. we are either making a big deal or we are not. we are either getting the debt limit extended or not. we are either keeping our modest but very important economic growth or we are not. and those issues are going to bring people to a fundamental reality that it may be the same structure, which...
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quote, it is believed nakai's injury occurred when he came into contact with a portion of the pool's environment. immediately prior to him sustaining the injury, he and two other whales were engaged in normal social behavior. the theme park's orca program has come under fire before. in 2010, a trainer was killed by nakai's father, tilikum after the orca dragged her into the water by her pony tail in front of an audience full of horrified spectators. federal regulators have since banned them from entering the water during a performance with orcas and seaworld says it has improved procedures. >> they swim in endless circles in chemically treated water for dead fish all for the amusement of tourists. it is cruelty from the day they are born until the day they die. >> reporter: seaworld says it treats its animals with the utmost care and in a statement adds, there is no organization in the world more committed to the physical, social and mental welfare of its animals than seaworld. >> we contacted the department of agriculture about peta's complaint. they say an inspector will be send to sea world t
quote, it is believed nakai's injury occurred when he came into contact with a portion of the pool's environment. immediately prior to him sustaining the injury, he and two other whales were engaged in normal social behavior. the theme park's orca program has come under fire before. in 2010, a trainer was killed by nakai's father, tilikum after the orca dragged her into the water by her pony tail in front of an audience full of horrified spectators. federal regulators have since banned them...
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Oct 9, 2012
10/12
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i think the environment for policy makers in india has become much more forgiving. i think better bernanke will try to ease their concerns about quantitative easing and inflation, but it will make investors much more interested. there's also been --quantitativ inflation, but it will make investors much more interested. there's also been --to ease the quantitative easing and inflation, but it will make investors much more interested. there's also been --ease their quantitative easing and inflation, but it will make investors much more interested. there's also been -- what surprised them was how little money moved out. we saw very little selling in stocks by foreigners. that money has all come back in now. a the lot of sovereign wealth money that comes in and i think people are buying the long term growth story of a country that is very young and still growing. so if policies stick from here on out, i think that the economy will do a lot better. but investors will be looking to see that, they'll want to see some traction where they can produce investment, where they c
i think the environment for policy makers in india has become much more forgiving. i think better bernanke will try to ease their concerns about quantitative easing and inflation, but it will make investors much more interested. there's also been --quantitativ inflation, but it will make investors much more interested. there's also been --to ease the quantitative easing and inflation, but it will make investors much more interested. there's also been --ease their quantitative easing and...
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of course we've talked about such a challenging environment here in the u.s. and it cease the third deal that we've heard in the health insurers business. we also heard of aetna, buying controversy -- buy buy coventry health. there's really consolidation in this industry. let's take a look at dow s&p nasdaq. the dow is down about 35 points right now. the s&p 500 down just under 1/2%. the tech heavy nasdaq down 3/4 of 1%. dagen and connell? dagen: thank you very much nicole. here is the number most debate watchers have been waiting for. gallup shows that some historic results developed after americans watched last wednesday's presidential debalt. -- debate. 72% gave it to governor romney. only 20% of those who watched thought the president did a better job. romney's 52 point win is the largest gallup has ever measured after a presidential debate. if you look at the latest reading from real clear politics, this is an average of all political polls. it puts mitt romney in a dead heat with president obama in the race for the white house. doug schoen and john lebou
of course we've talked about such a challenging environment here in the u.s. and it cease the third deal that we've heard in the health insurers business. we also heard of aetna, buying controversy -- buy buy coventry health. there's really consolidation in this industry. let's take a look at dow s&p nasdaq. the dow is down about 35 points right now. the s&p 500 down just under 1/2%. the tech heavy nasdaq down 3/4 of 1%. dagen and connell? dagen: thank you very much nicole. here is the...